Market Report Apr 09 2021

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Market Report for Apr 09 2021

Every pilot uses a checklist.

Market Trend:
S&P 500 = Up
Nasdaq Composite = Up

Market YTD:
Russell 2000 +13.6% YTD
Dow Jones Industrial Average +9.5% YTD
S&P 500 +9.1% YTD
Nasdaq Composite +7.3% YTD

Market Volume:
NYSE Vol: 850.6 mln (B)
Nasdaq Vol: 4.1 bln (B)

New Swing Positions:
None

Comments:
A bullish day with the Nasdaq Composite being the biggest gainer, closing over 1% higher. The S&P 500 closed 0.4% up at a new high and Dow Jones Industrial Average only managed a 0.20% move up.

Tech was the best performing sector and Energy the worst.

PTON (+7.31%) and ZG (+5.58%) were our biggest gainers.

As mentioned previously, we do not have any positions in GBPUSD but may look to around the w20MA. We still have a position in EURJPY.

BTCUSD and ETHUSD are both in a small mini range.

We will consider new positions now the FOMC related meeting is concluded but with today being a Friday, we often prefer to stand aside, unless good opportunities present themselves.

Have a good weekend.

Let’s go trade!